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ABS

English translation: absolute value

14:35 Apr 27, 2008
French to English translations [PRO]
Bus/Financial - Investment / Securities
French term or phrase: ABS
Does anyone know what abs stands for in the following formula to calculate the churn rate of stocks in a portfolio:
(achats+abs(ventes))/(2*actifs sous gestion moyens)
Nothing to do with asset-back securitisation by the way!
Lesley Sawyer
United Kingdom
Local time: 15:18
English translation:absolute value
Explanation:
Addition of purchases and sales without regard to sign.

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Note added at 2 hrs (2008-04-27 17:27:14 GMT)
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Since someone might think purchases are + and sales are − .
Selected response from:

rkillings
United States
Local time: 07:18
Grading comment
Ah yes. Thanks very much.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1absolute value
rkillings


Discussion entries: 1





  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
absolute value


Explanation:
Addition of purchases and sales without regard to sign.

--------------------------------------------------
Note added at 2 hrs (2008-04-27 17:27:14 GMT)
--------------------------------------------------

Since someone might think purchases are + and sales are − .

rkillings
United States
Local time: 07:18
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 131
Grading comment
Ah yes. Thanks very much.

Peer comments on this answer (and responses from the answerer)
agree  Jack Dunwell: The equation works. You'd think it wd be "total sales plus total purchases "Simple posing as complexe!
23 hrs
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